NYC’s Output sells for $7.4 million

The building where New York’s Output nightclub is located has been sold for $7.4 million.

Based in Williamsburg, the club is still expected to operate as normal under the lease that is currently in place.

It is reported that a New York City-based family with real estate holdings are behind the deal, purchasing the building from Cayuga Capital Management, who bought the building for an approximate $1.6 million in 2012, and Latus Partners.